Filed under: Local News
By: Issa Sikiti da Silva
In future, the shop floor will become the market’s principal battleground, as traditional mass media fail to deliver the required advertising effectiveness. This is the opinion of Steven Keith Platt, the Chicago-based director of the Platt Retail Institute, who delivered his last presentation on American retail to local marketers on 7 July, 2006 in Johannesburg, on behalf of Johnnic Communications’ Newspapers Division and IBM.
Filed under: International News
The high-tech wounder company has landed – not only on our street corners and in our malls, but also for the first time, on the top 10 of Fortune’s Most Admired Companies.
FORTUNE Magazine
By Jerry Useem, Fortune contributing editor
Click here to read more
US private equity firm Kohlberg Kravis Roberts (KKR) and Italian billionaire Stefano Pessina this week won the takeover battle for Britain’s biggest pharmacy chain, Alliance Boots, with an 11.1-billion Pound cash (11.39 Pound per share) offer. KKR and Pessina, who is Alliance Boots’ deputy chairman and largest share holder, beat a rival bid from a group that included Terra Firma Capital Partners and the Wellcome Trust, a medical charity.
Filed under: International Company News
Shares in J Sainsbury surged 7 percent yesterday after an unidentified buyer snapped up a 14 percent stake in the UK’s third-largest grocery chain.
Filed under: Local Company News
The competition tribunal yesterday approved Bain Capital’s buyout of Edgars Consolidated Stores (Edcon) for R25 billion.
Filed under: Local Company News
PICK ‘N PAY After facing many questions about how it would recapture its position as the best supermarket retailer in the country, this company has come up with some answers.
After almost forty years of debating whether to centralise distribution, chairman Raymond Ackerman has agreed that Pick ‘n Pay will step gingerly down this path. Putting this more efficient distribution system in place may have been inevitable considering increasing congestion on urban roads, but it is the phased introduction of the system that is particularly interesting. (more…)
Filed under: Local Company News
Shares of Woolworths Holdings climbed to a record yesterday on speculation that private equity firms may make a bid for the firm.
Filed under: International Company News
Kohlberg Kravis Roberts (KKR) yesterday moved closer to winning a $22 billion (R155 billion) bid battle for Alliance Boots by raising its agreed offer by 4.5 percent and securing a quarter of the company’s shares.
Filed under: Local Company News
The high court had ruled that Bain Capital could proceed with its plans to buy clothing retailer Edgars Consolidated Stores (Edcon) for R25 billion, the company said yesterday.
Filed under: Local Company News
Pick ‘n Pay Stores will start a phased centralisation of supply distribution in a move to boost profit, making it the last supermarket group to commit to a streamlined store delivery system.
